CVA Family Office LLC increased its holdings in Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) by 13.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 752 shares of the company's stock after purchasing an additional 90 shares during the quarter. CVA Family Office LLC's holdings in Bill.com were worth $83,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in BILL. AlphaCentric Advisors LLC acquired a new position in shares of Bill.com during the fourth quarter worth $34,000. Brown Brothers Harriman & Co. acquired a new position in shares of Bill.com in the 1st quarter valued at $38,000. CWM LLC increased its position in shares of Bill.com by 540.6% in the 1st quarter. CWM LLC now owns 205 shares of the company's stock valued at $46,000 after acquiring an additional 173 shares during the period. EDBI Pte Ltd acquired a new position in shares of Bill.com in the 1st quarter valued at $67,000. Finally, Quent Capital LLC acquired a new position in shares of Bill.com in the 4th quarter valued at $76,000. 95.85% of the stock is owned by institutional investors and hedge funds.
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Wall Street Analyst Weigh In
Several equities analysts recently issued reports on BILL shares. Wells Fargo & Company upped their target price on Bill.com from $200.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, August 19th. Deutsche Bank Aktiengesellschaft upped their target price on Bill.com from $177.00 to $240.00 in a research report on Friday, August 19th. Piper Sandler upped their target price on Bill.com from $170.00 to $215.00 and gave the company an "overweight" rating in a research report on Friday, August 19th. Oppenheimer upped their price target on shares of Bill.com from $150.00 to $200.00 in a report on Friday, August 19th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Bill.com from $245.00 to $269.00 in a report on Friday, August 19th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Bill.com presently has an average rating of "Moderate Buy" and a consensus target price of $230.45.
Bill.com Stock Down 3.4 %
BILL opened at $144.03 on Tuesday. Bill.com Holdings, Inc. has a twelve month low of $89.87 and a twelve month high of $348.49. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $148.06 and a 200 day moving average price of $154.68. The company has a market cap of $15.10 billion, a PE ratio of -44.73 and a beta of 2.15.
Bill.com (NYSE:BILL – Get Rating) last released its quarterly earnings results on Thursday, August 18th. The company reported ($0.58) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.10. Bill.com had a negative net margin of 51.22% and a negative return on equity of 5.13%. The firm had revenue of $200.22 million during the quarter, compared to the consensus estimate of $183.10 million. During the same quarter in the prior year, the firm earned ($0.44) EPS. The company's revenue for the quarter was up 155.8% on a year-over-year basis. Sell-side analysts expect that Bill.com Holdings, Inc. will post -2.17 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Bora Chung sold 9,921 shares of the company's stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $162.09, for a total transaction of $1,608,094.89. Following the completion of the transaction, the insider now owns 616 shares in the company, valued at approximately $99,847.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Bill.com news, CFO John R. Rettig sold 3,607 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $164.23, for a total value of $592,377.61. Following the completion of the sale, the chief financial officer now owns 28,070 shares in the company, valued at approximately $4,609,936.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bora Chung sold 9,921 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $162.09, for a total transaction of $1,608,094.89. Following the completion of the sale, the insider now owns 616 shares of the company's stock, valued at approximately $99,847.44. The disclosure for this sale can be found here. Insiders sold a total of 189,211 shares of company stock worth $30,348,069 in the last 90 days. Insiders own 5.70% of the company's stock.
Bill.com Company Profile
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Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.
Further Reading
- Get a free copy of the StockNews.com research report on Bill.com (BILL)
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